What Matters Most? If you knew, you may Improve your retention. Your EVP will help.
Has this happened to you?
You put out an ad or use me 😁, you interview, you hire, you train & develop, you do it all and then just as they become productive they leave. Arrgghh
Retaining top talent is essential & by knowing what is important to them, perhaps we can control this a bit more. And it is not about just paying more money or doing a 121.
WHY BOTHER? WE CAN HIRE MORE RIGHT?
Keeping top talent will give us:
👍sustained success and growth
👍High-performing employees bring valuable skills, innovative ideas, and a deep understanding of the company’s culture and goals, which makes them crucial in driving productivity and competitive advantage.
👍When top talent stays, it fosters stability within teams, helps maintain customer and client relationships, and reduces the high costs associated with recruiting, onboarding, and training new hires.
👍Moreover, retention boosts morale and enhances the company’s reputation as a desirable place to work, attracting other talented professionals.
👍Ultimately, keeping top talent empowers a company to achieve strategic goals more efficiently and strengthens its resilience in a rapidly evolving market.
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In a survey by Glassdoor in 2021 here is what made list of the top "employee satisfaction" list
My Thoughts
Looking at this list, effectively you need a strong employee value proposition. An EVP. It is the list you live by in the DNA of the company and includes most of the above & more.
TheEVP is a living & breathing document that is consistent for everyone in your company.